Ronald Stephen Baron is an American mutual fund manager and investor. He is the founder of Baron Capital, an investment management firm based in New York City.
In this blog, Covemarkets will discuss Ron Baron net worth, early life, career and much more.
Quick Facts
| Full Name | Ronald Stephen Baron |
| Popular Name | Ron Baron |
| Gender | Male |
| Birth Date | 1943 |
| Age | 80 (as of 2023) |
| Parents | Morton Baron and Marian Baron |
| Siblings | N/A |
| Birth Place | Asbury Park, New Jersey |
| Nationality | American |
| Ethnicity | Jewish |
| Education | George Washington University Law School |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Judy Bernard |
| Children | N/A |
| Dating | N/A |
| Net Worth | $5 billion |
| Source of Wealth | Founder and head of Baron Capital |
What is Ron Baron Net Worth and Salary in 2023?
As of 2023, Ron Baron’s net worth is estimated at approximately $5 billion. He earns an annual salary of $20 million from Baron Capital Management.
Ron Baron Overview
Early Life
Baron grew up in a Jewish family in Asbury Park, New Jersey. He was one of two children of Morton Baron, an engineer, and his wife Marian. From a young age, Baron showed interest in investing. By shoveling snow, waiting tables, lifeguarding, and selling ice cream, he saved $1,000 – which he then invested in stocks and turned into $4,000.
Baron attended Bucknell University, where he studied chemistry. He then went to George Washington University Law School at night on scholarship. After graduating law school, Baron worked as a patent examiner for the United States Patent Office.
Career
Ron Baron, is a renowned American mutual fund manager and investor. He is the founder and CEO of Baron Capital, an investment management firm based in New York City. Baron’s career spans over five decades, with his initial experience gained at the U.S. Patent Office as a patent examiner while attending George Washington University Law School.
From 1970 to 1982, he worked for several brokerage firms as an institutional securities analyst before founding Baron Capital in 1982.
Baron Capital is well-known for its long-term strategy in growth equity investments. The firm typically holds a stock for 4-5 years, sometimes extending to 10-15 years. They prefer to invest in mega-trends driven by broad societal and demographic trends, such as baby boomer demands for healthcare.
The firm seeks to invest in companies that have strong management teams, investing in people not assets. They look for companies that have strong growth opportunities, are appropriately financed, have competitive advantages, and are leaders in their field.
In recent news, Ron Baron disclosed his firm’s portfolio for the second quarter of 2023, which ended on June 30, 2023. The portfolio, valued at $36.11 billion, consists of 345 stocks. The top holdings were Tesla Inc. (TSLA) with a weight of 12.83%, CoStar Group Inc. (CSGP) at 4.71%, and Gartner Inc. (NYSE:IT) at 4.58%.
During the second quarter of 2023, Baron’s firm made significant trades. They reduced their investment in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) by 637,463 shares, impacting the equity portfolio by 0.18%.
The firm also bought 458,517 shares of Alibaba Group Holding Ltd (NYSE:BABA), bringing the total holding to 2,710,165 shares. This trade had a 0.11% impact on the equity portfolio.
Additionally, they bought 320,908 shares of Digital Realty Trust Inc (NYSE:DLR) during the quarter, bringing the total holding to 376,936 shares. This trade had a 0.1% impact on the equity portfolio.
Despite the ups and downs of the market, Ron Baron has maintained a long-term record of beating the market. His unique focus on the strength of the management teams of the companies they invest in, looking for credible, dependable, trustworthy leadership, has contributed significantly to his success.
Awards and Recognition
Baron has been widely recognized for his investment success and contributions to the field. Key awards and honors include:
- Financial Analysts Journal Award for Outstanding Financial Analysts (1994)
- Morningstar Fund Manager of the Year (2000)
Personal Life
Baron is married to Judy Bernard. Together they have two children. Outside of his work, Baron enjoys golfing and collecting art.
Social Media Accounts
As of now, there is no information available about Ron Baron’s social media accounts.
FAQs about Ron Baron
How did Ron Baron make his fortune?
Ron Baron made his fortune through his successful investment management firm, Baron Capital, and his strategic investment decisions.
Has Ron Baron been involved in philanthropy?
Yes, Ron Baron has been involved in philanthropic activities. He and the Baron Funds have supported various charitable causes and organizations.
Are there any controversies associated with Ron Baron or his work?
There have been no widely reported controversies associated with Ron Baron’s work at Baron Capital up to my last update. For the latest information, it’s advisable to refer to recent sources.
Conclusion
In summary, Ron Baron is a renowned investor with a long track record of success. He is known for his long-term investment philosophy centered on growth stocks. Over his career, Baron has generated excellent returns for investors, earned numerous awards, and established himself as an influential voice in the investment community. Thank you for reading.
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